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Emerging Markets

Brazil’s OceanPact Clears Antitrust Hurdle for CBO Merger

The Rio Times · 1h ago · 🇧🇷 Brazil

Brazil’s OceanPact Clears Antitrust Hurdle for CBO Merger

Offshore Services Consolidation Key Facts —CADE clearance. Brazil’s antitrust authority approved the OceanPact-CBO merger unconditionally, with no remedies required. —All-stock deal. The transaction involves issuing roughly 275 million new OceanPact shares to CBO shareholders. —Ownership split. CBO shareholders will hold about 57.86% of the combined company, with current OceanPact investors at 42.14%. —Petrobras involvement. The […] The post Brazil’s OceanPact Clears Antitrust Hurdle for CBO Merger appeared first on The Rio Times .

Read the full story at The Rio Times →

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